Properties

Description

PACKAGE DEAL: Brand New Building is being sold with 166-168 Emmet St., Newark NJ 07114 for the total price of $14,000,000 total 35 Units. Introducing a rare investment opportunity in the Ironbound Section of Newark with apartment rental prices $2600-$3200. This beautiful building is being finished with 4 floors of apartments and 1 retail store; consisting of 15 custom luxury designed units, (11 two-bedrm 2 bath units; 1 one-bedrm unit w/ & 3 studio units) and 1 ground floor retail space of 360Sqft -total of 23 bedrms & 28 baths. Building has elevator, laundry facilities on each level, parking consists of 8 Garage enclosed parking spaces that provide additional income. Building has a outdoor terrace facing the Business District of Newark with a half bathroom for all tenants to enjoy. This unique building includes fire rated entry doors with advanced technological door handles, prewired Fiber Optics, custom built kitchens w/ stainless steel appliances (Microwave, Refrigerator, dishwasher,& gas stove), quartz countertops, island/peninsula, large child-safety -sound proof windows, intercom system, Central Air & Forced Hot Air and tons of closet space. There are apartments facing NYC with the view of the NYC SkyLine. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city. All financials please see attached documents.

Features

  • Heating System : 4+ Units
  • Cooling System : Central Air, 4+ Units
  • Roof Deck : Flat
  • Furnished : Laminate
  • Lot Description: Corner, Level Lot
  • Tax Assessed Valuation: 200000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: RE/MAX LIFETIME REALTORS
  • Office MLS ID: 3838
  • Agent ID: 311124
  • Tax: 7456
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: Apartments

Commercial For Sale

For Sale
$14,000,000

529 Mulberry St, Newark City, *

  • SQFT 50 Acre
  • Built Year 2024

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5290466
  • Price: $14,000,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 2024
  • Year Built Description: Standing, Under Construction
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 14

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Mulberry St
  • Street Number: 529
  • Street Direction: Emmet St turn onto Mulberry St.
  • Floor Number: 0
  • Longitude: W75° 49' 22''
  • Latitude: N40° 43' 10.1''
  • Internet Display Address: No
Property